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Viasat (VSAT) Soars to New High, But Fails to Sustain Momentum
Yahoo Finance· 2025-09-19 14:26
Group 1 - Viasat Inc. (NASDAQ:VSAT) experienced a significant price movement, reaching a 52-week high of $34.05 before closing down 6.86% at $30.14 due to profit-taking by investors [1][2] - The company has partnered with UAE-based Space42 to enhance 5G network services, particularly in remote areas, by enabling Direct-to-Device (D2D) services from its satellites [2] - The D2D service is projected to be fully operational within three years and will support over 100 MHz of harmonized MSS spectrum across more than 160 markets [3] Group 2 - Viasat's Chairman and CEO Mark Dankberg highlighted the potential of a shared multi-orbit network that will utilize high-performance satellite architectures and shared infrastructure to address the D2D and next-generation MSS market opportunities [4]
Iridium Communications: Undervalued At $20, Licenses Alone Justify The Price (NASDAQ:IRDM)
Seeking Alpha· 2025-09-18 14:53
Group 1 - The current valuation of Iridium Communications Inc. is primarily supported by its licenses, particularly its global 8.7 MHz L-band, which could be valued at over $3 billion [1] - The company possesses a constellation of 66 satellites, which adds to its asset value [1]
Pulsar International and Inmarsat Maritime expand partnership with 300+ NexusWave rollouts
Globenewswire· 2025-09-18 10:42
Core Insights - Pulsar International and Inmarsat Maritime have announced a commitment to roll out NexusWave across more than 300 vessels over the next 12 months, highlighting the increasing demand for reliable maritime connectivity [1][2][4] Group 1: Company Developments - Pulsar is the first NexusWave partner in the Mediterranean market and has a proven track record of successful installations, indicating its strong position in the maritime connectivity sector [2] - The rollout of NexusWave will enhance digitalisation, support decarbonisation strategies, and improve crew welfare by providing high-quality internet experiences onboard [2][4] - To facilitate this rollout, Pulsar plans to expand its global reach, local sales teams, and project management capabilities, ensuring seamless installation and support for customers [3][4] Group 2: Industry Context - The maritime industry is increasingly seeking connectivity solutions that are secure, dependable, and capable of supporting operational performance and crew well-being [4] - The NexusWave service combines multiple network technologies (GEO Ka-band, LEO, LTE, and L-band) to deliver reliable performance, reflecting a trend towards integrated connectivity solutions in the shipping sector [2][4] - The program is set to commence installations in October 2025, which will play a crucial role in enhancing operational resilience and the onboard experience for seafarers [4]
CLS vs. ASTS: Which Technology Stock Suits Your Risk Profile?
ZACKS· 2025-09-15 14:05
Core Insights - Celestica Inc. (CLS) and AST SpaceMobile, Inc. (ASTS) are significant players in the technology sector, with Celestica specializing in electronics manufacturing services and AST SpaceMobile focusing on space-based cellular broadband networks [1][2] Group 1: Celestica Inc. (CLS) - Celestica has over two decades of manufacturing experience and offers cloud-optimized data storage and networking solutions, driven by the demand for AI-based applications [4] - The company is diversifying its product offerings and expanding into high-value markets, which enhances business resilience by reducing dependence on a single industry [5] - Despite its strengths, Celestica faces margin pressures due to high research and development costs and stiff competition from industry giants like Foxconn and Flex [6] - Celestica's sales and EPS are expected to grow by 20.6% and 43% year-over-year in 2025, respectively, with a positive trend in EPS estimates [12] - The company has experienced a remarkable stock performance, gaining 424% over the past year, significantly outperforming the sector's growth of 30.1% [15][18] - Celestica's valuation metrics are more attractive, with a price/sales ratio of 2.13 compared to AST SpaceMobile's 69.34 [16] Group 2: AST SpaceMobile, Inc. (ASTS) - AST SpaceMobile is developing the first global cellular broadband network in space, utilizing a constellation of satellites to provide service directly to smartphones [2][10] - The company has launched five commercial satellites, with plans to deploy 45 to 60 more by Q1 2026, aiming to enhance cellular coverage in areas lacking terrestrial networks [7][10] - AST SpaceMobile's sales are projected to grow by an extraordinary 1,120% in 2025, but its EPS is expected to decline by 48.5% [12] - The company faces challenges from unfavorable macroeconomic conditions and competition from established players like SpaceX's Starlink, which may pressure its financial performance [11] - AST SpaceMobile's stock has gained 29.8% over the past year, but this is significantly lower than Celestica's performance [15]
SEALSQ to Secure Space Transactions with Post-Quantum Technology to Support the Next WISeSat Launch Scheduled for November 2025
Globenewswire· 2025-09-15 12:00
Company Overview - SEALSQ Corp focuses on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [1][6] - The company is pioneering post-quantum semiconductors that provide robust protection for sensitive data across various applications, including healthcare, defense, and industrial automation [8] Upcoming Satellite Launch - SEALSQ's engineering team is preparing for the next WISeSat satellite launch scheduled for November 2025, which will deploy post-quantum-ready satellites [1] - This mission aims to enhance the security of space-based communications and financial transactions [1] Technological Innovations - The WISeSat satellite will embed SEALSQ's Post-Quantum Cryptographic (PQC) chip to establish a quantum-resilient transaction framework in orbit [2] - The integration of blockchain technology and quantum-resistant encryption aims to create the world's first PQC-enabled blockchain-secured satellite ecosystem [2] Market Growth - The global satellite communication market was valued at approximately USD 90 billion in 2024 and is projected to grow to USD 159.6 billion by 2030, with a CAGR of over 10% [3] - The Mobile Satellite Services (MSS) segment is expected to grow from USD 5.5 billion in 2023 to between USD 8.6 billion and USD 9.6 billion by 2030, with some estimates projecting USD 19.5 billion by 2032 [3] Future Plans - Following a successful mission in January 2025, SEALSQ and WISeSat plan to launch five PQC-enhanced satellites by the end of 2026, starting with the November 2025 launch [4] - Each new satellite will feature enhanced PQC hardware and deeper integration with Hedera for secure transactions [4]
EchoStar (NasdaqGS:SATS) Update / Briefing Transcript
2025-09-15 09:02
Summary of EchoStar's Conference Call Company Overview - **Company**: EchoStar - **Industry**: Satellite and Telecommunications Key Points and Arguments 1. **Unexpected FCC Letter**: In May, EchoStar received an unexpected letter from the FCC questioning its rights to spectrum, which led to a significant business pivot and potential bankruptcy considerations if not addressed [5][6][8] 2. **Spectrum Transactions**: - Sold 600 MHz of spectrum and C band licenses to AT&T for strategic alignment in the AI age, emphasizing the importance of telecommunications for AI [6][7] - Entered a transaction with SpaceX, selling AWS-four spectrum for $17 billion, split between cash and equity, while establishing a technical arrangement for using SpaceX's direct-to-cell system [8][9] 3. **Transition to Asset-Light Model**: EchoStar is shifting from an asset-heavy to an asset-light growth company, focusing on leveraging partnerships with AT&T and SpaceX for infrastructure [9][42] 4. **Subscriber Base**: EchoStar maintains a significant subscriber base, reaching approximately 30 million consumers through its various brands, including DISH and Sling [10][11] 5. **Revenue Diversification**: The company reported $15.5 billion in revenue, with a shift in revenue sources from consumer to enterprise, particularly within Hughes [11][36] 6. **Boost Brand Strategy**: Boost is being positioned as an innovative challenger brand, utilizing AT&T's infrastructure while maintaining its own agile core network [21][30] 7. **Future Growth in Enterprise**: Hughes is transitioning towards enterprise solutions, particularly in resilient connectivity, with significant progress in the aero business, including contracts with major airlines [36][39] 8. **Financial Structure Post-Transactions**: - Expected proceeds from transactions to be around $31.2 billion, with a new debt structure post-transaction [15][19] - Total cash post-transaction projected at $24 billion, with $15 billion in debt [15][19] 9. **Long-Term Vision**: EchoStar aims to focus on long-term growth, maintaining a diversified portfolio and emphasizing downside protection and capital preservation [43][45] Additional Important Content 1. **Market Positioning**: EchoStar's unique position as a hybrid MNO (Mobile Network Operator) allows it to leverage both its own and AT&T's infrastructure, enhancing competitiveness in the market [25][30] 2. **AI and Telecommunications**: The company recognizes the growing need for new products and services in the AI era, positioning itself to meet these demands effectively [29][30] 3. **Investment in SpaceX**: EchoStar views its investment in SpaceX as a strategic move, given SpaceX's leading position in the market and its potential for future growth [62][98] 4. **Tax Implications**: The company is still assessing the tax implications of its transactions, with estimates ranging from $5 billion to $15 billion for various obligations [76][77] This summary encapsulates the critical insights from EchoStar's conference call, highlighting the company's strategic shifts, financial outlook, and market positioning in the evolving telecommunications landscape.
EchoStar (NasdaqGS:SATS) Earnings Call Presentation
2025-09-15 08:00
Transactions and Spectrum - EchoStar received $22.65 billion from AT&T for 3.45 GHz and 600 MHz spectrum licenses [14] - AT&T can immediately access the 3.45 GHz spectrum [14] - EchoStar received $17 billion from SpaceX for AWS-4 and H-block spectrum licenses, with $8.5 billion paid in equity [14] - SpaceX will develop next-generation Starlink Direct-to-Cell satellites, benefiting Boost Mobile [14] - EchoStar maintains approximately 45 MHz of valuable spectrum after the AT&T and SpaceX transactions [27] Subscriber Base and Revenue - The company has a scaled subscriber base across brands, including DISH TV, SLING TV, Wireless, and Hughes [19, 20] - The company's revenue for the last twelve months (LTM) is $15.5 billion [25] - DISH TV has 0.8 million subscribers [21] - SLING TV has 7.4 million subscribers [21] - Wireless has 15.3 million subscribers [21] Assets and Debt - The company has $11.9 billion in DDBS assets [29] - The company has $1.5 billion in HSSC assets [29] - The company's pro forma debt is $11.4 billion [29] Business Strategy - Boost Mobile aims to bridge the digital divide through innovative products and platforms [36] - Hughes has approximately $1.8 billion in backlog [56]
Space42 and Viasat to Launch Equatys Venture with Access to World’s Largest Coordinated Spectrum Block for Global Direct to Device Services
Globenewswire· 2025-09-15 06:00
Core Viewpoint - Space42 and Viasat are forming a joint venture named Equatys to provide global Direct-to-Device (D2D) services and transition existing Mobile Satellite Services (MSS) to a 5G network environment [1][8] Group 1: Joint Venture Overview - Equatys aims to integrate satellite and terrestrial networks using a 3GPP Non-Terrestrial Network (NTN) compliant platform, making services accessible to billions of smartphones and IoT devices globally [2] - The venture is expected to support over 100 MHz of harmonized MSS spectrum across more than 160 markets, with a commercial rollout targeted within three years [2][3] Group 2: Infrastructure and Business Model - Equatys will operate as a lean infrastructure provider using a shared multi-tenant model, reducing redundant investments and delivering cost-efficient capacity [4] - The model promotes a collaborative environment for stakeholders, allowing for scale advantages while minimizing individual investment risks [5] Group 3: Investment and Financial Framework - The venture is anticipated to provide capital-intensive space and ground infrastructure at the lowest cost to licensed operators, offering infrastructure-grade returns with equity appreciation potential [6] - Phased equity offerings will enable additional strategic and financial partners to join as the system scales [6] Group 4: Strategic Governance and Sustainability - Equatys will offer secure, standards-based infrastructure that aligns with existing systems and provides sovereign deployment options for nations [7] - The design will adhere to space sustainability principles, aiming to minimize orbital footprint while maximizing resource utilization [7] Group 5: Background Information - Space42 is an AI-powered SpaceTech company formed in 2024 through the merger of Bayanat and Yahsat, focusing on satellite communications and geospatial analytics [9] - Viasat is a global communications company that aims to connect everyone and everything, having recently acquired Inmarsat to enhance its global communications capabilities [10]
Telesat announces equity distribution of Telesat Lightspeed business
Globenewswire· 2025-09-12 21:15
Core Insights - Telesat has completed the distribution of 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary, which is wholly-owned by Telesat Canada's parent entities [1] - The transaction does not result in any changes to the company's operations [1] Company Overview - Telesat is recognized as one of the largest and most successful global satellite operators, known for its engineering excellence and industry-leading customer service [2] - The company is focused on delivering critical connectivity solutions to address complex communications challenges, driving profitable growth for its customers [2] - Telesat Lightspeed, the company's advanced Low Earth Orbit (LEO) satellite network, aims to provide high-capacity, secure, and resilient links with fibre-like speeds, catering to telecom, government, maritime, and aeronautical sectors [2]
Barclays Lowers Iridium Communications (IRDM)’s Price Target
Yahoo Finance· 2025-09-12 07:38
Iridium Communications Inc. (NASDAQ:IRDM) is among the 10 Best Space Exploration Stocks to Buy Now. Mathieu Robilliard, an analyst at Barclays, maintained an Overweight rating on Iridium Communications Inc. (NASDAQ:IRDM) target from $38 to $31 on July 28. The company lowered its post-earnings projections to account for less definite prospects for development in Iridium’s new verticals. Nonetheless, the company believes the stock’s price is supportive and the company’s growth is still appealing. Barclays L ...